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Oct 27, 2012
10/12
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FBC
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. >> i think congress created the parameters around the fiscal cliff. congress will find a way to and -- are we going to come up with a grand compromise? no. we won't do that. are we going to kick that can down the road? more than likely yes. is that calamitous for the stock markets? notes. it's not the solution you want. gerri: i'm glad you're convinced. i'm not covinced. gerri: if they fail we are looking at 12 percent unemployment, 6 million jobs lost by 2015. this is a report from the national association of manufacturers up today. it mak the case that this would be calamitous for the economy and calamitous for stocks of companies trying to make earnings. >> i did not say they were going to do the right thing. i said there were going to avoid calaty. avoid a calamity. i do believe they will do hat. that's a done deal. gerri: i hope you're right because i don't have all the confidence youdo. what is interesting also is this earnings cliff. you say it's not that bad. yet we have seen 60% s&p companies not hit revenue targets. i find that troubling. co
. >> i think congress created the parameters around the fiscal cliff. congress will find a way to and -- are we going to come up with a grand compromise? no. we won't do that. are we going to kick that can down the road? more than likely yes. is that calamitous for the stock markets? notes. it's not the solution you want. gerri: i'm glad you're convinced. i'm not covinced. gerri: if they fail we are looking at 12 percent unemployment, 6 million jobs lost by 2015. this is a report from the...
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cliff because i thk that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they're scaring erybody about this, like we've got to keep pushinon or the world is going tond and it's not as bad a the politicians are pretending it is even. look, it's not a good thing, but psyched into a level and it will be worse than the real effect of having the tax increase on the government level and that's the danger, using it as a tool to get their policies on boats sides of doing this, and they're going to cause -- the first recession is caused by psyching themselves into it and making people scared that things are going to end if we let it happen. >> toby, the final wor re? >> yeah, now, we've seen this movie before and know how it ends and now, at some point, it's start after tragedy for the unit
cliff because i thk that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they're scaring erybody about this, like we've got to keep pushinon or the world is going tond and it's...
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Aug 23, 2012
08/12
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MSNBCW
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and what might happen if congress fails by the end of the year to avoid the so-called fiscal cliff over which tax cuts would expire and deep spending cuts would take effect. the noncongressional budget office warned about the consequences of financial tightening forecasting the u.s. economy would shrink by half a percent in 2013, unemployment jump back above 9% and could cost americans as many as 2 million jobs next year alone. cbo's forecast is gloomier than what it predicted three months ago and then reported that 2012 would be the fourth straight year with a deficit of more than $1 trillion. yesterday, mitt romney called the cbo report unacceptable and used the opening to turn the conversation back on the economy. >> when you look at all of the debt of the country it's about the size of our entire economy. this puts us on a path to become like europe. what's happening over there is that people have spent more than they have taken in year after year after year, borrowed more and more money, made promises they couldn't fulfill, and finally something which had to end did end. and what h
and what might happen if congress fails by the end of the year to avoid the so-called fiscal cliff over which tax cuts would expire and deep spending cuts would take effect. the noncongressional budget office warned about the consequences of financial tightening forecasting the u.s. economy would shrink by half a percent in 2013, unemployment jump back above 9% and could cost americans as many as 2 million jobs next year alone. cbo's forecast is gloomier than what it predicted three months ago...
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Nov 9, 2012
11/12
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WUSA
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eye 151
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cliff. >> reporter: congress returns to washington next week. but it is likely lawmakers will push closing a deal right up to the deadline. tara mergener, for cbs news, the white house. >>> now, the president is set to speak at 1:00. we will be streaming it live on our web site. wusatv9.com. >>> former democratic national committee chair terry mcauliffe is running for political office and sent an e-mail announcing he will run for governor of virginia. he tried for governor last year but lost in the democratic provide mare. since the current governor republican bob mcdonald cannot run again, they are seeking the republican nomination. >>> this election day, maryland became one of the three states to pass the same-sex marriage by popular vote. the first weddings take place in january but as chris fisher report, one local company has been planning these kinds of weddings for the last 13 years. >> same-sex weddings may be new to maryland but not catherine. >> the web site is gay weddings.com. we are a comprehensive planning resource for same-sex cou
cliff. >> reporter: congress returns to washington next week. but it is likely lawmakers will push closing a deal right up to the deadline. tara mergener, for cbs news, the white house. >>> now, the president is set to speak at 1:00. we will be streaming it live on our web site. wusatv9.com. >>> former democratic national committee chair terry mcauliffe is running for political office and sent an e-mail announcing he will run for governor of virginia. he tried for...
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Nov 13, 2012
11/12
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CNBC
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. >>> and the countdown to fiscal cliff begins. congress continues to work where skr just seven weeks to reach a deal. >> and vodaphone shares fall after it takes a mitt in its spanish and italian businesses. >>> lot of breaking newses including the iea report following the big report yesterday. >> overtaking saudi arabia is getting a buzz. >> but a monthly basis, global oil demand cut by -- to 90.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think pr
. >>> and the countdown to fiscal cliff begins. congress continues to work where skr just seven weeks to reach a deal. >> and vodaphone shares fall after it takes a mitt in its spanish and italian businesses. >>> lot of breaking newses including the iea report following the big report yesterday. >> overtaking saudi arabia is getting a buzz. >> but a monthly basis, global oil demand cut by -- to 90.1 million barrels a day. impact of hurricane sandy in the...
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Nov 10, 2012
11/12
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KRON
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eye 181
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. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payments will drop by 27 percent. all americans, rich, poor will see their taxes rise by nearly 50%! the impact on the recovering economy everybody believes is what would have happened to james bond to jamesskyfa'sky >> catherine heenan, kron 4. >>pam: kron 4 is just i justine waldman. >> solutions to keep america from falling off the fiscal cliff are not pretty. >> it would be really hard headed if they come to an agreement. >> the president and congress allowed a kron agreement to fall over by. >> with higher unemployment, the only positive if there is a positive here is that the deficit will go down. >> if there is no agreement it w
. >> the fiscal cliff. >> the fiscal cliff. >> building fiscal cliff. >> congress created the fiscal cliff to force yourself to do with the national debt is the worst- case scenario in case there is no agreement on cutting spending and raising revenue. if there is no agreement by the end of the year there will be $55 billion a/with 10 percent from each program and another $55 billion from non-defense programs. air travel safety, food safety and medical payments will drop...
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Nov 9, 2012
11/12
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WUSA
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eye 106
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congress and the president return as the fiscal cliff clock is ticking. watch "biocentury this week" sunday at >>> welcome back. your weather first, will:55 on this friday morning -- 4:55 on this friday morning. some 30s in a few spots but a nice day. a lot less windy than yesterday. sunshine all day long with 52 by 11:00 and 57 at 1:00 and we're going to make a run towards 60 even warmer coming up this weekend. sweet. monika? >>> on the inbound side of i- 66, no issues here inside the beltway at glebe road as you head to the roosevelt bridge. a good indication of all your major thoroughfares inside the beltway including 395 and 295 as well. back with more traffic in a few minutes. >>> get your stamps the u.s. postal service is going to be working pretty much around the clock during the holidays. employees have already decked out the friendship heights branch. check this out. it's really cool when you go by. trying to announce the year's pickup and delivery services for the holiday season. they forecast a record-breaking year with door to door mailing and
congress and the president return as the fiscal cliff clock is ticking. watch "biocentury this week" sunday at >>> welcome back. your weather first, will:55 on this friday morning -- 4:55 on this friday morning. some 30s in a few spots but a nice day. a lot less windy than yesterday. sunshine all day long with 52 by 11:00 and 57 at 1:00 and we're going to make a run towards 60 even warmer coming up this weekend. sweet. monika? >>> on the inbound side of i- 66, no...
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Nov 7, 2012
11/12
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FOXNEWSW
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eye 186
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no change in the balance of power in congress as we approach the fiscal cliff. it is looming. it is large. are lawmakers any closer to striking a deal? you know that answer. >> a historic day for same-sex marriage and the legalization of pot. they are getting high rocky mountain style ahead all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city the dow has dived today. the dow jones industrial average has been down 2 percent for the afternoon close to 300 points. the reason according to our colleagues at fox business network is looming concerns over the fiscal cliff. lack of certainty whether they will get anything done. the global economy, too. the morning after the election. now the afternoon after. wall street is going, well $we -- can we get this fixed. storm battered new york and new jersey, and i was in my office on the 17th floor you can barely see times square a block away. it is snowing to beat the band. in new jersey and new york people are without power and in many cases without homes, it is another dangerous w
no change in the balance of power in congress as we approach the fiscal cliff. it is looming. it is large. are lawmakers any closer to striking a deal? you know that answer. >> a historic day for same-sex marriage and the legalization of pot. they are getting high rocky mountain style ahead all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city the dow has dived today. the dow jones industrial average has been down 2...
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Nov 3, 2012
11/12
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CNNW
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eye 144
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congress, pay attention, because the fiscal cliff is coming. it's time to fix it. otherwise, come next election, the american people will be your judge and jury. >>> i'll be back later today on "your money" at 1:00 p.m. i know you've got some smart questions and opinions, you always do. tweet them to me now,os
congress, pay attention, because the fiscal cliff is coming. it's time to fix it. otherwise, come next election, the american people will be your judge and jury. >>> i'll be back later today on "your money" at 1:00 p.m. i know you've got some smart questions and opinions, you always do. tweet them to me now,os
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Dec 31, 2012
12/12
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WETA
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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Nov 9, 2012
11/12
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WJLA
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the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an end to tax breaks for business. democrats will not raise taxes on -- >> i have a spouse who is underemployed. i have one that will be graduating in may. it is people who are trying to find jobs i would be more concerned about. >> not to mention the new debt ceiling deal is said to cut hundreds of government programs including the defense budget and medicare. >> we need to try to get some stuff done. >> the gross domestic product would grow by 2% next year and almost 2% if the president's table tax and jobless benefits are -- payroll tax and jobless benefits are extended again. the president is
the terms fiscal cliff is not a household word yet, but give it a few days. it could mean another recession and a jump in the unemployment rate. >> this is an opportunity for the president to lead. >> the president will address attempt to cut the federal deficit by half a billion dollars by next fall. >> according to ernst and young raising the top rates would destroy nearly 700,000 jobs in our country. >> with no bipartisan agreement, laws that to change could mean an...
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275
Oct 24, 2012
10/12
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FOXNEWS
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eye 275
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the attention will shift to the dreaded fiscal cliff divided congress with a quick deal on that front could be more of the same gridlock going on in the market more of the same up and down and roller-coaster ride until we get answers to the questions as they pertain to tax reform and other big issues continuing to plague the market. >> with grid locks those are gone. >> let's say mitt romney wins and gop wins control of the congress. >> it will take off for a couple of reasons businesses would be happy because they like romney's plan to cut taxes and slash regulations that would be a positive. single party control makes it more likely you would get a deal as far as taxes an spending the one wrinkle he said he would reappoint him. that's something to think about. he is used to his style used to the liquidity he brings. concerns about tighter monetary would affect the market. they don't like his plans to tim late the economy thinks they are inflation nature -- inflation airy. >> romney wins but the congress remains divided? >> you get delayed to get us off the fiscal cliff. they would w
the attention will shift to the dreaded fiscal cliff divided congress with a quick deal on that front could be more of the same gridlock going on in the market more of the same up and down and roller-coaster ride until we get answers to the questions as they pertain to tax reform and other big issues continuing to plague the market. >> with grid locks those are gone. >> let's say mitt romney wins and gop wins control of the congress. >> it will take off for a couple of reasons...
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Nov 20, 2012
11/12
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FBC
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gerri: with all the talk of the looming fiscal cliff, you would think congress would be hard at work in d.c. negotiating a deal. you would be wrong. they're on thanksgiving recess. if not for the country is facing a financial disaster or anything. oh wait, we really are. joining me now, doug holtz-eakin. former cbo director under president george w. bush. always a pleasure to have you on the show. today the federal reserve chairman ben bernanke warned congress, said look, i can't help you out if you go over the fiscal cliff, there is nothing the federal reserve can really do at this point. do you think congress realizes, understands the stakes here? >> i hope they do, this is a clear and present danger to the u.s. economy and it is not just what happens if we go over the fiscal cliff, it is actually affecting the economy right now. a big drag of business confidence, businesses are already not doing very well, negative investment, really cannot afford to make the situation any worse and we have heard some members of congress talk about going over the fiscal cliff to teach the other pa
gerri: with all the talk of the looming fiscal cliff, you would think congress would be hard at work in d.c. negotiating a deal. you would be wrong. they're on thanksgiving recess. if not for the country is facing a financial disaster or anything. oh wait, we really are. joining me now, doug holtz-eakin. former cbo director under president george w. bush. always a pleasure to have you on the show. today the federal reserve chairman ben bernanke warned congress, said look, i can't help you out...
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339
Dec 29, 2012
12/12
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CNNW
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. >> you know, whether it's a stalemate over the fiscal cliff or the debt limit, turns out an inability to act could earn the congress a dubious distinction. the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an unend to unemployment benefits for 2 million people could be on the way because of the fiscal cliff. congress, it's about to get a raise. it's part of an executive order that president obama issued which ends a pay freeze for federal workers. so salaries will go up by .5% after march 27th. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time lawmakers g
. >> you know, whether it's a stalemate over the fiscal cliff or the debt limit, turns out an inability to act could earn the congress a dubious distinction. the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to...
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Nov 9, 2012
11/12
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KRON
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eye 177
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the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel safety. medicare payments to doctors will drop by 27 percent. all americans rich and poor will see their taxes rise by up to 50%. the impact on the recovering the economy everyone agrees it will be like what happens to james bond in sky fog. kron 4 news. >> we will follow the latest developments on capitol hill as the approach the fiscal clip. san jose a quick live look traffic is fine. they have rain not too long ago it may still be falling. we will find out from erica. it is chilly 47 in san warning of only 256 this afternoon. 0ñ@Ñ we are back at 4:44 am. here's a look at different of cases throughout the sierra. snow is blanketing roadways and ski resorts. some
the looming fiscal cliff. >> ♪ congress created the fiscal cliff in order to force itself to do with the growing national debt. worst-case scenario of a case there is no agreement on cutting spending and raising revenue. if there is no compromise by the end of the year. the pentagon's budget will be slashed by $55 billion. 10th another 55 billion will be cut from non-defense programs education full inspections, air travel safety. medicare payments to doctors will drop by 27 percent. all...
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Dec 22, 2012
12/12
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FOXNEWSW
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. >> reporter: it feels like it, the president is in hawaii and congress is out of town and the fiscal cliff negotiations are on hold for the holidays with no agreement in sight. john boehner is throwing the ball in the democrats' court saying the debt is too high, spending out of control and taxes should not go up. in the g.o.p.'s weekly address, he accused the president and the democrats of refusing to accept a reasonable compromise. >> the best way to address our crippling debt is to make significant spending cuts and fix our tax code. to pave the way for long term growth and opportunity. this is an approach most americans support and remains republicans' highest priority. but we only run the house. democrats continue to run washington. >> reporter: the president left town for his traditional christmas in hawaii and he and his family arriving there this morning and he has gotten in a round of golf already. before leaving the white house, he stayed back hayes spe-- scal back his expectations, and he said it is time for compromise. >> president barack obama: we move forward together s
. >> reporter: it feels like it, the president is in hawaii and congress is out of town and the fiscal cliff negotiations are on hold for the holidays with no agreement in sight. john boehner is throwing the ball in the democrats' court saying the debt is too high, spending out of control and taxes should not go up. in the g.o.p.'s weekly address, he accused the president and the democrats of refusing to accept a reasonable compromise. >> the best way to address our crippling debt...
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Nov 26, 2012
11/12
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FOXNEWSW
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. >> congress returns to work today and they are ready to tackle the fiscal cliff crisis. lawmakers are ready tro compromise. >> lawmakers are ready to give in on tax changes in order to get some sort of a deal done. kelly wright joins us with more on what it means for the negotiation. we could be looking at possible tax hikes, isn't that right? >>> oo the government is on automatic pilot. that is five weeks away. for congress there is much work to be done and more compromise to be made in order to avoid the fiscal cliff. it will require give and take negotiations particularly on raising taxes but republican law americas who pledged to not vote for anything with a tax increase now appear ready to relinquish that pledge in order to avoid the looming fiscal crisis. >> when you are $16 trillion in debt the only pledge we should be making to each other is to avoid the grief and republicans should put revenue on the table. >> so everything is on the table and campaign raising taxes on the wealthy is relying on treasury secretary tim geithner. his team will works on issues like
. >> congress returns to work today and they are ready to tackle the fiscal cliff crisis. lawmakers are ready tro compromise. >> lawmakers are ready to give in on tax changes in order to get some sort of a deal done. kelly wright joins us with more on what it means for the negotiation. we could be looking at possible tax hikes, isn't that right? >>> oo the government is on automatic pilot. that is five weeks away. for congress there is much work to be done and more...
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Nov 26, 2012
11/12
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FBC
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eye 69
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he has been very vocal in his call for congress to fix the fiscal cliff. you are a little bit more negative than your colleagues. why is that? >> well, what he said is if we go over the fiscal cliff, the economy will drop into a recession and the fed does not have the ability to stop that. now the question is, what if we do not hold the fiscal cliff but some of the other things that are being talked about, like the president's plan, what would happen then? the president's plan to raise taxes on high income individuals, cutting deductions for high income individuals, raising the corporate tax rate read a long list of that sort. eliminating the payroll tax holiday. that would take about 2% out of the gdp next year. we are struggling to reach 2%. as we would basically be on the edge of an economic downturn we are sure to go into a recession if we go over the cliff and don't turn it around quickly. but even if we don't, if we have something like the obama plan, we could easily slide into recession. it is not nearly as much is going over the fiscal cliff, but i
he has been very vocal in his call for congress to fix the fiscal cliff. you are a little bit more negative than your colleagues. why is that? >> well, what he said is if we go over the fiscal cliff, the economy will drop into a recession and the fed does not have the ability to stop that. now the question is, what if we do not hold the fiscal cliff but some of the other things that are being talked about, like the president's plan, what would happen then? the president's plan to raise...
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Dec 24, 2012
12/12
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WRC
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are we going to avoid the fiscal cliff by the first of the year or not? >> i hope so. if you look at the final positions last monday of both the president and speaker boehner, they were this close, they were this close to a solution. the president was about $200 billion higher on revenues, speaker boehner $200 billion higher on spending cuts. out of a $4 trillion budget, that doesn't seem insurmountable. so i hope they would keep talking. my one bit of advice to speaker boehner is this -- you cannot pass a bill with just republicans. on a broad thing like this, you need both and he has put himself with plan b in sort of an impossible position. he has to get these hard right guys to go along with him. if he were to say and the president were to say we're going to pass a bill with a majority of democrats and majority of democrats in the house and senate we could get a mainstream bill. i know he's worried about his speakership but what i found in my 37 years as a legislator, when you show leadership, when you show redirection and courage, even people who disagree with you
are we going to avoid the fiscal cliff by the first of the year or not? >> i hope so. if you look at the final positions last monday of both the president and speaker boehner, they were this close, they were this close to a solution. the president was about $200 billion higher on revenues, speaker boehner $200 billion higher on spending cuts. out of a $4 trillion budget, that doesn't seem insurmountable. so i hope they would keep talking. my one bit of advice to speaker boehner is this --...
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Nov 26, 2012
11/12
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FOXNEWSW
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eye 142
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everyone is anticipating another high profile white house meet this week on the fiscal cliff sources in congress say there is you not one on the schedule so far. >>shepard: over the weekend some republicans are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the winston group, a republican research firm, says 65 percent of americans back tax reform and spending cuts over the raising of taxes. here is the senate republican leader on what the g.o.p. is offering. >> without compromising our principles we put skin in the game and recognition to the fact while democrats don't run this town, neither do we. we have been responsible even as we remain firm on this point. no tax increases now for promised spending cuts that you will not materialize later. the american people have seen that game before. they won't be fooled again. >> house republicans are planning to bring in on wednesda
everyone is anticipating another high profile white house meet this week on the fiscal cliff sources in congress say there is you not one on the schedule so far. >>shepard: over the weekend some republicans are telling grover norquist to take a hike with the "we won't raise taxes" pledge. >>reporter: the fine tuning is they are saying we are okay with close loopholes but they don't want to raise tax rates. the republicans are saying the survey done by a group calls the...
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174
Jul 2, 2012
07/12
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CNNW
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cliff if congress doesn't act. legislation needs to be passed now to head off a series of tax increases and spending cuts that are mandated to take effect on january 1st because congress couldn't come up with a proper deal to raise the nation's debt limit last year. that's the ridiculous compromise they came up with. if congress doesn't act before the elections, it may be too late to fight off the economic storm. a 30% chance of a recession. after listening to me say this endlessly, even i'm starting to think i'm full of hot air. i'm going to give you three specific things that congress can and must do to address the economic storm. first, head off that so-called sequester. the $1 trillion of automatic, across the board spending cuts that are mandated by congress. the ridiculously name sequester legislation was passed as part of last august debt ceiling extension that followed, but would like to forget, intense partisan blackmail by both sides that nearly shut the united states down and led to a drown grade of the
cliff if congress doesn't act. legislation needs to be passed now to head off a series of tax increases and spending cuts that are mandated to take effect on january 1st because congress couldn't come up with a proper deal to raise the nation's debt limit last year. that's the ridiculous compromise they came up with. if congress doesn't act before the elections, it may be too late to fight off the economic storm. a 30% chance of a recession. after listening to me say this endlessly, even i'm...
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326
Nov 25, 2012
11/12
by
KGO
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eye 326
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cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a commitment to hit the big numbers. >> in addition to the fiscal cliff, some big vacancies coming up in the president's cabinet the state department, the treasury, even the cia, the general petraeus scandal, three vacancies now. >> and there's likely to be more shuffling in the president's cabinet. the president has signaled is favorite likely to be u.n. ambassador susan rice for secretary of state, she's faced a lot of opposition in house this week, republicans signed a letter not to appoint susan rice. the presid
cliff. let's bring in george stephanopoulos. >> congress has gone home to the districts, any optimism that cooler heads will prevail and we'll see movement toward a deal quickly? >> there are only five weeks left. everything has to happen before december 31st. the president has had his first meetings with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. maybe a down payment on deficit reduction combined with a...
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Jun 7, 2012
06/12
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CNBC
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can we avoid the fiscal cliff and the lame duck congress? i don't know how investors, i don't know how men and women in business are going to react to that, but i don't think they're going to be thrilled about it. and i think people in the senate, the house, may try to rush the process, but speaker boehner's probably right. it takes two to tango and you can't get it done unless he works with president obama on common ground. i worry about this story. i think it's got a disappointing theme to it. we'll see how it ends after the election. anyway, up next on "kudlow," let's go to ben bernanke. he says all the options are on the table when it comes to the u.s. economy, but the message from congress today was loud and clear -- less is more. take a listen. >> i wish you would take a third round off the table. i wish you would look the market in the eye and say, the fed has done all it can, perhaps too much. i wish you'd look at this president in congress in the eye and say, it is time to do your job. >> all right. well, the man who helped bernanke
can we avoid the fiscal cliff and the lame duck congress? i don't know how investors, i don't know how men and women in business are going to react to that, but i don't think they're going to be thrilled about it. and i think people in the senate, the house, may try to rush the process, but speaker boehner's probably right. it takes two to tango and you can't get it done unless he works with president obama on common ground. i worry about this story. i think it's got a disappointing theme to...
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Nov 9, 2012
11/12
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WUSA
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. >> reporter: worried about that federal fiscal cliff the school board passed a resolution urging congress to stop it. if it doesn't, it could mean a $1 million hit to programs that serve the county's 36,000 kids learning english. >> this would have a major impact on fairfax county schools and our ability to work with the community, teachers working with our children. >> reporter: virginia governor bob mcdonnell is asking the departments to come up with the cuts but it appears to be indicative of what the federal fiscal cliff will mean. when the state cuts, it's local governments that get hurt and they cut. >> thank you, gary. tomorrow we'll hear from one guy would may be able to do something about those cuts. president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal cliff it would trigger a recession. the man what shot former congresswoman gabrielle giffo
. >> reporter: worried about that federal fiscal cliff the school board passed a resolution urging congress to stop it. if it doesn't, it could mean a $1 million hit to programs that serve the county's 36,000 kids learning english. >> this would have a major impact on fairfax county schools and our ability to work with the community, teachers working with our children. >> reporter: virginia governor bob mcdonnell is asking the departments to come up with the cuts but it...
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Dec 23, 2012
12/12
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CNNW
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the country teetering on the brink of the fiscal cliff. we'll meet some small business owners who say they're already struggling to stay afloat in this uncertainty could push them over the edge. >>> and an iowa dental assistant fired for being too good-looking. she's sues but does she win. we'll hear from her. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> republicans and democrats have left town for the holidays. if they also leave us to go over the fiscal cliff who will americans blame? cnn's paul stein hauser takes a look at the latest polls. >> hey, miguel. first things first, americans are worried about the tax increases and spending cuts that would kick in if the nation falls off the fiscal cliff at the end of the year. check this out, seven of ten questioned in our cnn/or
the country teetering on the brink of the fiscal cliff. we'll meet some small business owners who say they're already struggling to stay afloat in this uncertainty could push them over the edge. >>> and an iowa dental assistant fired for being too good-looking. she's sues but does she win. we'll hear from her. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion....
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Nov 8, 2012
11/12
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KNTV
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, urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1, if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capital hill leaders signaled compromise. >> compromise is not a dirty word. i want to work together, but i want everyone to also understand you can't push us around. >> i'm not suggesting we compromise on our principles, but i am suggesting that we commit ourselves to creating an atmosphere where we can see common ground where it exists and seize it. >> reporter: post election, the same president, the same balance of power in congress, and the same problems that divided a nation. now, you
, urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1, if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the...
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Sep 11, 2012
09/12
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WBFF
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namely, the so-called fiscal cliff on december 31st. when bush-era tax cuts expire, and about one hundred billion dollars in in, unless congress acts.ick - congress issstalling on ttose huge fiscal issues mostlyy because sources in both parties say they want to wait to see what the political landscape looks like after the election. thinkkyou have retirment saved ? up?think again...find out when it's expected to dryyup! al pacino will play...in an . - upcoming movie. ((break 3)) energy bill down to size? or get the yard ready for cool weather? the answer? a lot less. the great american fix-up is going on now... ...with new projects every week and big savings every day. so you can do what needs to be done. today. more saving. more doing. that's the power of the home depot. prep your garden for fall. three bags of earthgro mulch is just $10. but it makes millions off west marylanders every year. now they're running dishonest ads. why? because voting for question seven is a vote to build a... world-class resort casino in maryland. creating
namely, the so-called fiscal cliff on december 31st. when bush-era tax cuts expire, and about one hundred billion dollars in in, unless congress acts.ick - congress issstalling on ttose huge fiscal issues mostlyy because sources in both parties say they want to wait to see what the political landscape looks like after the election. thinkkyou have retirment saved ? up?think again...find out when it's expected to dryyup! al pacino will play...in an . - upcoming movie. ((break 3)) energy bill down...
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Dec 30, 2012
12/12
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FOXNEWSW
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we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet: oh, how about that car? >> that's not something you see every day. >> no. >> "fox & friends" begins right now. ♪ >> hey, everybody. >> juliet: hi, everybody. >> dave: good sunday morning, juliet huddy in for ali. how are you doing, my friend. >> clayton: dave usually gets the coffee. and no coffee around this place. >> dave: i apologize. >> clayton: dave overslept and dropped the ball. >> dave: it happened with my iphone. i woke up an hour too late to my wife shaking me. >> juliet: i don't know what it is about this morning. i'm like in lala land. >> clayton: there is no sn
we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet:...
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Nov 9, 2012
11/12
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WJLA
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. >> the directive is a pre- emptive measure as fears over the fiscal cliff grow. there's seven weeks before tax increases and spending cuts go into effect but details released by omb painted different picture. if congress failed to act, the economy would shrink by 0.5 of 1% and send the unemployment rate soaring to 9.1%. it is something both sides hope to avoid but has not figured out how. >> raising taxes is unacceptable. it could not even pass the house. i'm not sure will pass the senate. >> state agencies are given two weeks to work on their plan to trim 4% and that is plenty of time. >> the problem is not so much how much money they have but how they manage it. >> hockessin 10 delhomme -- of this impending cliff, president obama plans to address americans. >> their lines forming for those who want to take his job. and dancing that you make s second attempt to become governor of virginia. he was known for running president clinton's campaign. he ran for governor in 2000 and at last to -- but lost. >> tonight, the man responsible for shooting former congresswoma
. >> the directive is a pre- emptive measure as fears over the fiscal cliff grow. there's seven weeks before tax increases and spending cuts go into effect but details released by omb painted different picture. if congress failed to act, the economy would shrink by 0.5 of 1% and send the unemployment rate soaring to 9.1%. it is something both sides hope to avoid but has not figured out how. >> raising taxes is unacceptable. it could not even pass the house. i'm not sure will pass...
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Dec 31, 2012
12/12
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CNNW
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. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ mouse clicks ] >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a few weeks with minimal damage. there's no guarantee they'll be able to come to an agreement quickly. ryan, it's good to see you at night. >> good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know. it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is better than a bad d
. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ mouse clicks ] >>> if we go over the fiscal cliff tomorrow night, congress could still pass a bill in a few weeks with minimal damage. there's no guarantee they'll be able to come to an agreement quickly. ryan, it's good to see you at night. >> good to see you. >> thanks for having me. >> this uncertainty that americans are living with right now, do you think a deal can be reached by tomorrow? >> you know, i don't know. it's...
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Jul 18, 2012
07/12
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CNNW
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and that congress needs to reach an agreement to avoid the fiscal cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the political realities, mr. chairman, particularly in this election year, i'm afraid the fed is the only game in town. and i would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery. >> i like watching ben bernanke's face. he looks down as if his heart has been broken. he could cave. he could give us more easy money, drugs, he could do it in august, he could do it in september. but you know what, it isn't something to just root for, plain and simple. because you know what, the fed's cheap money drugs are not cheap. congress
and that congress needs to reach an agreement to avoid the fiscal cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the...
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Dec 29, 2012
12/12
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FOXNEWSW
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. >> president obama gave senate leaders a plan to avoid the fiscal cliff. if we go over the cliff, many of you decided who is to blame. 44 percent blame republicaning in congress. here to help us sort it out is the republican strategist and former iowa press secretary. you saw the poll on who gets the blame for this according to rasmusin . does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't think either side wants this to happen. president obama doesn't want to give an inaugural address . conscience don't want to go over the cliff either. you want to start out in a new congress and in the new year on a right foot with a bipartisan agreement. we'll have a smaller deal hopefully before new years. >> i want to play a sound by the from charles krauthammer and get your take on this. listen to charles. >> it is clear from the beginning he had no intention to solve the fiscal issues. he's been using this and i must say with great skill and ruthless skill and success to fractu
. >> president obama gave senate leaders a plan to avoid the fiscal cliff. if we go over the cliff, many of you decided who is to blame. 44 percent blame republicaning in congress. here to help us sort it out is the republican strategist and former iowa press secretary. you saw the poll on who gets the blame for this according to rasmusin . does this give president obama breathing room to hold out for the taxes on high earners. so be it it will be worse for conditions. >> i don't...